**Korea’s LCK CL holds the top implied probability at 49%** as traders price in the region’s established edge in developing mechanical talent and macro execution at the challenger level. Recent LCK CL playoff results and strong showings by teams like Dplus Challengers in prior international Tier-2 events reinforce this positioning ahead of the September 20–October 2 group stage. China’s AME/CHC squads sit at 40% on the back of competitive domestic splits and roster depth from established LPL organizations, while APAC, EMEA, North America, Brazil, and Other options cluster near 38% reflecting more variable recent form and qualification paths in their respective masters and circuit events. The tight spread among non-Korean options highlights uncertainty in how regional depth will translate once the single-elimination bracket begins.